Tech Giant Google Plans To Compete With ChatGPT

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As per FT report, Google has invested about $300mn in AI start-up Anthropic and will acquire a roughly 10% investment in the startup

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This investment makes Google the most recent tech giant which tries to get a spot in the expanding "generative AI" industry.

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Anthropic is based in San Francisco, California and was founded in 2021.

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Google confirmed that it had invested and had a significant cloud contract with Anthropic but has not provided any other information.

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Another tech giant Microsoft invested in OpenAI which created an AI ChatBot ChatGPT.

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Anthropic has created an AI ChatBot called Claude to compete with OpenAI's ChatGPT. Though it has not yet been made available to the public.

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Both OpenAI and Anthropic are working to advance generative AI that can write scripts and create art in a matter of seconds.

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